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Dec 30, 2012
12/12
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WRC
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, and it has been building for months now the talk of the fiscal cliff. how optimistic are you about the economy and the business climate out there? how patient do we need to be in the recovery? >> i think as we all know there are lots of corporations in the country that are flushed with cash, and they are hoarding it and not investing in folks and innovation, and they are concerned about where we stand from a regular hrau tolaw tore perspective. i would hope that the white house, the senate, the congress would be able to come together, republicans and democrats to layout a more strategic vision for the future. and we need to simplify the tax code and make it fairer. we need to make sure that government spending is brought under control, and not in a corrosive way or an abusive way, but in a way that makes sense we we can demonstrate so we are serious about controlling our deficit. we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and
, and it has been building for months now the talk of the fiscal cliff. how optimistic are you about the economy and the business climate out there? how patient do we need to be in the recovery? >> i think as we all know there are lots of corporations in the country that are flushed with cash, and they are hoarding it and not investing in folks and innovation, and they are concerned about where we stand from a regular hrau tolaw tore perspective. i would hope that the white house, the...
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Dec 26, 2012
12/12
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WBAL
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he and lawmakers will try to prevent the economy from going over the fiscal cliff. anyone who has not taken advantage of the homestead tax credit better act fast. if you have two days left to save hundreds of dollars at tax time. postmarked by december 31, or you will have to wait another year. its stems from legislation enacted in 2007 by the state general assembly. homeowners must apply to maintain eligibility for the credit. still ahead, aerial volunteers spent the holiday serving others. an organization will help keep hundreds and warmer this winter. and that when a missouri school did to put a smile back on their custodian's face. >> the weather is going to turn active as we had through the next of the week. partly to mostly cloudy. 36 at the airport. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a litt
he and lawmakers will try to prevent the economy from going over the fiscal cliff. anyone who has not taken advantage of the homestead tax credit better act fast. if you have two days left to save hundreds of dollars at tax time. postmarked by december 31, or you will have to wait another year. its stems from legislation enacted in 2007 by the state general assembly. homeowners must apply to maintain eligibility for the credit. still ahead, aerial volunteers spent the holiday serving others. an...
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jail the fiscal cliff is just more theater bankers and politicians trying to distract people from the underlying root catastrophe that is a bunch of bankers who are manipulating the system day in and day out destroying the economy this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and their torches are coming after these people they want to just delay that day of reckoning for as many months as they can but that day's reckoning twenty eight it's coming. my mother was one comin knew you wish mom europeans that their leaders might look. all the government's listening well the truth is the government's come to afford to listen to one of our economic contributors of the year says countries still heading down the wrong path . it's been a tough twelve months for the world's top in the sun spent twenty twelve and house arrest in the remainder of the ecuadorian embassy in london a corre
jail the fiscal cliff is just more theater bankers and politicians trying to distract people from the underlying root catastrophe that is a bunch of bankers who are manipulating the system day in and day out destroying the economy this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and...
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this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day's reckoning in twenty thirteen it's comic and well there was one coldly new year with the europeans that their leaders might ease up on that. all governments listening well the truth is the government's accompt afford to lose some of our economic contributors says countries are still heading down the wrong policy he tells his wife. but a tough twelve months for the world's top whistleblower julian assange spent hoffa twenty twelve under house arrest in the remainder of the ecuadorian embassy in london our correspondent has been following his ups and downs throughout the last twelve months. a lot of you say weekly did more in a year would see the most media organizations have done decades we've
this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day's reckoning in twenty thirteen it's comic and well there was one coldly new year with the europeans...
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Dec 29, 2012
12/12
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CNNW
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, we're going to continue to have these sort of fiscal-cliff type episodes. another debt ceiling debate coming up early part of next year, as well. >> yes, we do. >> i hope we can get leadership. >> okay, thanks, dylan glenn, thanks so much. >>> so what could the fiscal cliff mean for wall street and your retirement fund? i'm going to ask independent new york stock exchange trader in about one hour from now. >>> all right. let's switch gears here. because after newtown, gun buybacks are making headlines across the country. >>> and we're going to tell you how donors funded the biggest buyback ever in one connecticut town. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announc
, we're going to continue to have these sort of fiscal-cliff type episodes. another debt ceiling debate coming up early part of next year, as well. >> yes, we do. >> i hope we can get leadership. >> okay, thanks, dylan glenn, thanks so much. >>> so what could the fiscal cliff mean for wall street and your retirement fund? i'm going to ask independent new york stock exchange trader in about one hour from now. >>> all right. let's switch gears here. because...
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Dec 31, 2012
12/12
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CSPAN2
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cliff and really hurts almost every american family in our country, in our economy, as a whole. this shouldn't be a surprise to us. it's not as if, if i could use the metaphor, that congress was going along in a bus and -- on a ride through the country and suddenly came to the end of the road and there was a cliff. this shouldn't be a surprise to us. we -- we -- we created this cliff ourselves a year and a half ago when we adopted the budget control act. and we created it for a very good reason: because we knew that we had proven ourselves incapable of making the compromises that were necessary to achieve the long-term bipartisan debt-reduction program that america desperately needs. we're over $16.4 trillion in debt. i'm in my last days as a u.s. senator. if you'd told me when i started that we'd be $16 trillion in debt, i wouldn't have believed it. frankly, if you told me just a dozen years ago at the end of the clinton administration when we were in surplus that we could possibly be $16 trillion in de debt, i would have thought -- well, i would have thought you were not reali
cliff and really hurts almost every american family in our country, in our economy, as a whole. this shouldn't be a surprise to us. it's not as if, if i could use the metaphor, that congress was going along in a bus and -- on a ride through the country and suddenly came to the end of the road and there was a cliff. this shouldn't be a surprise to us. we -- we -- we created this cliff ourselves a year and a half ago when we adopted the budget control act. and we created it for a very good...
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Dec 28, 2012
12/12
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KPIX
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a new report suggests the looming fiscal cliff is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday that its consumer price index fell sharply in december for the second consecutive month. that's the lowest level since august. for the fifth consecutive year, individual investors have pulled their money out of the stock market. it's estimated to be about $380 billion. many are investing in bonds which are considered safer investments. wall street stocks sank for a fourth consecutive day. the dow lost 18 points. the nasdaq was off 4 points. >>> the housing market shows new signs of a rebound. they said on thursday that the sale of new homes increased by 4.5% from the month before. that's the fastest pace in two years. record low mortgage and stable job gains fueled the increase. >>> dangerously low water levels could force shipping to stop between st. louis and illinois on the mississippi river next week. the mississippi is suffering from months of severe drought. it does an estimated $7 billion of trade in february and january. >>> a pot
a new report suggests the looming fiscal cliff is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday that its consumer price index fell sharply in december for the second consecutive month. that's the lowest level since august. for the fifth consecutive year, individual investors have pulled their money out of the stock market. it's estimated to be about $380 billion. many are investing in bonds which are considered safer investments. wall street...
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Dec 27, 2012
12/12
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FOXNEWSW
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 24, 2012
12/12
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CNNW
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the big worries about the fiscal cliff and how that's going to affect the economy as a whole. you look at oil prices and they have barely moved since late october. oil prices are between $85 to $90 a barrel since late october. and when oil prices stabilize for a longer time, as they have been, it gives gas prices a better chance to stabilize as well. but you look at it broadly, though, the gas prices are not falling for the the right reason. we could go back into a recession and it's those concerns for a downturn in the economy that are actually pushing prices lower. >> all right. alison kosik, live from the new york stock exchange. thank you as always. >>> the head of the national rifle association says to call him crazy for proposing more guns in schools. the nra's ceo wayne lapierre insists a ban on assault weapons won't prevent mass killings, which he blames on violent video games and the media. he says armed guns eed guards are the best way to prevent tragedies. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call
the big worries about the fiscal cliff and how that's going to affect the economy as a whole. you look at oil prices and they have barely moved since late october. oil prices are between $85 to $90 a barrel since late october. and when oil prices stabilize for a longer time, as they have been, it gives gas prices a better chance to stabilize as well. but you look at it broadly, though, the gas prices are not falling for the the right reason. we could go back into a recession and it's those...
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Dec 26, 2012
12/12
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FOXNEWSW
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. resi
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 28, 2012
12/12
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CSPAN
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the economy should be expanding to% or 3% next year without the fiscal cliff, that would correlate with about 2 million net new jobs next year. a it's a continuation of steady expansion. i wish it was a little faster expansion, but nonetheless it is an expansion. if we had a fiscal cliff, and we are reversing all the gains we have seen. host: what about mortgage deduction on a second home or vacation home or a certain limit to the size of a mortgage? would you be supportive of that? guest: we have to recognize that negotiating away from what has been a striking departure from just protecting the mortgage interest deduction, property ownership. any breach to that invites further breaches. our members, even though they recognize the deck is a need to be resolved, any breach will lead to further coming back, lowering the income limit. we have to recognize many of the second homes are in places like michigan, wisconsin, arkansas, where people are looking for a weekend fishing lodge. it's not the hamptons or very expensive homes in beverly hills. many homes are scattered in the midwest. host
the economy should be expanding to% or 3% next year without the fiscal cliff, that would correlate with about 2 million net new jobs next year. a it's a continuation of steady expansion. i wish it was a little faster expansion, but nonetheless it is an expansion. if we had a fiscal cliff, and we are reversing all the gains we have seen. host: what about mortgage deduction on a second home or vacation home or a certain limit to the size of a mortgage? would you be supportive of that? guest: we...
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Dec 29, 2012
12/12
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MSNBCW
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cliff is a way that we would put a ton of economic damage in the economy and a lot of uncertainty about whether washington can govern. but just as important or using that fiscal cliff and not going over it and using that moment to put that bigger debt deal that you were talking about into place and it seems that policymakers who all know we need to do it with both the spending, and just unwilling to make the hard choices and that will be another december and if we have some kind of bipartisan punt that makes the situation worse, not better and citizens across the country and they shouldn't expect this, and in the long run. >> and it has not been able to come under -- this is what he wrote of you, in part, quote, she, like pretty much all of the deficits go, actually empowers hyperpartisanship by always condemning both sides equally no matter who is, and in practice, these days that almost always means making excuses for hard liners and the gop. are you an excusemaker? >> listen, anybody who is a member of congress was elected and sent there. that means that they reflect the voters and t
cliff is a way that we would put a ton of economic damage in the economy and a lot of uncertainty about whether washington can govern. but just as important or using that fiscal cliff and not going over it and using that moment to put that bigger debt deal that you were talking about into place and it seems that policymakers who all know we need to do it with both the spending, and just unwilling to make the hard choices and that will be another december and if we have some kind of bipartisan...
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Dec 24, 2012
12/12
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KGO
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. >>> only one week to go, and there's still no deal preventing the economy from going over the fiscal cliff. members of congress are pointing fingers over who is to blame for the lack of progress to prevent tax hikes and spending cuts. connecticut's independent senator joe lieberman expects congress to work right up to the new year's eve deadline. but he's not even sure that's going to be enough. >> it's the first time i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks right now. due back later in the week. one possibility is a partial deal on taxes while putting off an agreement on spending, therefore kind of kicking some of the can down the road, once again. >> and that seems to be what congress is good at. no problem ever gets solved. there's no grand bargain. we heard that term tossed around. seems like we just do a little bit and then say oh, we'll get to it by summer and get to it by th
. >>> only one week to go, and there's still no deal preventing the economy from going over the fiscal cliff. members of congress are pointing fingers over who is to blame for the lack of progress to prevent tax hikes and spending cuts. connecticut's independent senator joe lieberman expects congress to work right up to the new year's eve deadline. but he's not even sure that's going to be enough. >> it's the first time i feel it's more likely we will go over the cliff than not,...
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Dec 24, 2012
12/12
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WUSA
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stocks sank friday as the economy inches closer to the fiscal cliff. the dow down 120. the nasdaq down 29. still the stock market is on track for its fourth straight year of gains. the dow sup nearly 8%. the -- is up nearly 8%. the nasdaq has rallied more than 15%. so far this year. the stock market is closed for christmas. more economic reports to sift through the rest of the week, including home prices and sales and consumer confidence and jobless claims. >>> washington's failure to agree on a budget is affecting americans's confidence in finances. consumer sentiment index for december fell sharply from november's five-year high. more than one in four people surveyed cited concerns about higher taxes. before we go to break, i want to tell you again to donate to st. jude's children's hospital and help the courys' dream come true. text light at 5 -- text life to 50333 to donate $10. >>> redskins hang on to victory over the eagles. rg3's return and his playoff implications. we'll be right back. >>> howard here with your weather first. going to be a raw day. rain will be
stocks sank friday as the economy inches closer to the fiscal cliff. the dow down 120. the nasdaq down 29. still the stock market is on track for its fourth straight year of gains. the dow sup nearly 8%. the -- is up nearly 8%. the nasdaq has rallied more than 15%. so far this year. the stock market is closed for christmas. more economic reports to sift through the rest of the week, including home prices and sales and consumer confidence and jobless claims. >>> washington's failure to...
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Dec 29, 2012
12/12
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CNNW
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the fiscal cliff, still looming. spending cuts and tax hikes that could shove our economy into recession. and a deadline lawmakers ignored until the very last possible minute. live pictures now of the capitol. looks beautiful. man, but there's a lot of wrangling going on there. lawmakers are back up -- had their backs up against the wall right now. and as they try to find a plan that can pass congress. let's hope they do. cnn's chief white house correspondent is jessica yellin. she is following the negotiations, working very hard on this saturday. so jess, democrats and republicans are supposedly working on a plan, even as we speak. what do we know about it? >> reporter: well, we know, don, that it's the senate leaders that are hashing this out. and what they're looking to negotiate is a deal that would extend current low tax rates for middle income americans. we don't know the exact threshold levels. so would it be people who make $400,000 and less, would it be $250,000 and less. but something that would extend low
the fiscal cliff, still looming. spending cuts and tax hikes that could shove our economy into recession. and a deadline lawmakers ignored until the very last possible minute. live pictures now of the capitol. looks beautiful. man, but there's a lot of wrangling going on there. lawmakers are back up -- had their backs up against the wall right now. and as they try to find a plan that can pass congress. let's hope they do. cnn's chief white house correspondent is jessica yellin. she is following...
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Dec 24, 2012
12/12
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MSNBCW
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cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point fingers in opposite directions, hinting that talks could go into the new year. >> are we going over the cliff? >> i believe we are, and i think the president is eager to go over the cliff for political purposes. he senses a victory at the bottom of the cliff. >> we only have nine days left here. when are we going to get serious about actual solutions? i would welcome john to tell me. he says he wants a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first
cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point...
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Dec 29, 2012
12/12
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MSNBCW
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remember, the economy was going off a cliff. a real cliff. and not a symbolic fiscal cliff. i mean, but it was a real economic cliff, over which we had no control at all. he took the reins and prevented another great depression. we had a very, very deep recession and we are still in the gravitational pull of that deep recession, but a lot of conservative republicans, many of whom had been elected in 2010, they looked at what president obama had done with regard to the stimulus package, and everything else, and they said, this is simply too much government. we hate government, we don't want government. and we were elected on a very ideological platform of shrinking the federal government. of kind of an anti-government obsession, of the sort that we haven't seen in this country in decades. >> all right. well, we're looking for the isaac newton to free us from that gravitational pull of these republican ideologues. robert reich, thank you so very much. and our sincere apologies to amanda turco of "the huffington post," who was unable to join us due to technical difficulties bey
remember, the economy was going off a cliff. a real cliff. and not a symbolic fiscal cliff. i mean, but it was a real economic cliff, over which we had no control at all. he took the reins and prevented another great depression. we had a very, very deep recession and we are still in the gravitational pull of that deep recession, but a lot of conservative republicans, many of whom had been elected in 2010, they looked at what president obama had done with regard to the stimulus package, and...
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Dec 30, 2012
12/12
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KGO
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. >> two days left until we all go over the fiscal cliff which would mean everyone's taxes will go up and sharp spending cuts will go effect that could drive our economy back into recession. to abc news white house correspondent jonathan karl filling in today for george stephanopoulos as host of abc's "this week." >> hey, jon, good morning. i know today and tomorrow obviously hugely important. can you sort of walk us through the potential order of operations? what could we see play out today and tomorrow? >> well, it is right down to the wire, dan. what's happening right now is harry reid and mitch mcconnell, the top democrat and republican in the senate are still negotiating their staffs at this hour. they are supposed to be working until about 3:00 this afternoon when the plan would be presented to both caucuses. as we understand what they are talking about is the bare minimum. basically the senate negotiating to extend those tax cuts for everybody making under $250,000 a year and do extend unemployment benefits also they're talking about trying to do something to stop the automatic
. >> two days left until we all go over the fiscal cliff which would mean everyone's taxes will go up and sharp spending cuts will go effect that could drive our economy back into recession. to abc news white house correspondent jonathan karl filling in today for george stephanopoulos as host of abc's "this week." >> hey, jon, good morning. i know today and tomorrow obviously hugely important. can you sort of walk us through the potential order of operations? what could we...
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Dec 25, 2012
12/12
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FOXNEWSW
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washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy though. they say people just don't feel like spending as much. many still feeling the wake of super storm sandy. also those recent shootings in colorado and connecticut. because of the low sales predictions. retailers are banking on last-minute shoppers to boost their bottom lines but experts say they could be disappointed. fox business network's adam shapiro has that news. adam? >> so the holiday shopping season, when you crunch the numbers, may not prove to be as merry as some people had hoped for. first the good news, national retail federation saying they are still on track for growth of 4.1% over the last we have 586 billion-dollar holiday shopping season. according to the nrf. we won't get the final numbers until after the holidays have played out. already though, shopper track is indicating it's n
washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy though. they say people just don't feel like spending as much. many still feeling the wake of super storm sandy. also those recent shootings in colorado and connecticut. because of the low sales predictions. retailers are banking on last-minute...
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Dec 27, 2012
12/12
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CSPAN
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the economy should be expanding to% or 3% next year without the fiscal cliff, that would correlate with about 2 million net new jobs next year. so it's a continuation of a steady expansion. i wish it was a little faster expansion, but nonetheless it is an expansion. if we had a fiscal cliff, and we are reversing all the gains we have seen. host: what about mortgage deduction on a second home or vacation home or a certain limit to the size of a mortgage? would you be supportive of that? guest: we have to recognize that negotiating away from what has been a striking departure from just protecting the mortgage interest deduction, property ownership. any breach to that invites further breaches. our members, even though they recognize the deck is a need to be resolved, any breach will lead to further coming back, loring the income limit. -- lowering the income limit. we have to recognize many of the second homes are in places like michigan, wisconsin, arkansas, where people are looking for a weekend fishing lodge. very not the hamptons or expensive homes in beverly hills. many homes are scat
the economy should be expanding to% or 3% next year without the fiscal cliff, that would correlate with about 2 million net new jobs next year. so it's a continuation of a steady expansion. i wish it was a little faster expansion, but nonetheless it is an expansion. if we had a fiscal cliff, and we are reversing all the gains we have seen. host: what about mortgage deduction on a second home or vacation home or a certain limit to the size of a mortgage? would you be supportive of that? guest:...
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Dec 28, 2012
12/12
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CNNW
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economy. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> as if the looming fiscal cliff wasn't enough to worry about, now 14,000 dockworkers at ports from massachusetts to texas are threatening to go on strike sunday. that could cost americans billions of dollars, because shipping costs on everything from shoes to cars would skyrocket. c
economy. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get...
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Dec 29, 2012
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fiscal cliff crisis taking a toll on consumer confidence. putting things in context, here it is. a score of 90 on the conference board's index means the economy is healthy. last time we saw that number was 2007 before the start of the financial crisis. over the last two months we've seen steady declines. november's report showed a score of 71.5 and 65.1 in december. that is lowest number we've seen since august. joining us now for more on this is jonathan hunt, portfolio manager for capitalist pig hedge fund. contributor to for fox news channel, good to see you. >> happy new year. >> consumers have no faith in congress, guys get your act together. if there is a deal tomorrow, how do you think is this is going to affect consumer confidence over the next six months? >> it might slightly help but already there is a tremendous damage done. it's no surprise that consumers are not confident. to be confident you have to have some slight semblance of certainty and we haven't had anything like that. consumers want to think long term and budget but trillions of dollars and hundreds of mill
fiscal cliff crisis taking a toll on consumer confidence. putting things in context, here it is. a score of 90 on the conference board's index means the economy is healthy. last time we saw that number was 2007 before the start of the financial crisis. over the last two months we've seen steady declines. november's report showed a score of 71.5 and 65.1 in december. that is lowest number we've seen since august. joining us now for more on this is jonathan hunt, portfolio manager for capitalist...
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Dec 28, 2012
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not just the fiscal cliff with the potential threat to the economy, thousands of dockworkers from maine to texas could go on strike within days if their union can't reach a deal with major shipping companies. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for everybody else who relies on these ports. >> one port official says east and gulf coast ports handle about $55 billion worth of cargo a month so a strike could have a major effect on the retail business. >>> land lines not going the way of the vcr just yet. older americans are slow to get rid of land lines and go mobile. the centers for disease control asked 20,000 households about trends throughout the year. the study found about 52% use cell phones for all of their cal calls, that's less than 2% increase from previous years. the older generation is slower to make the switch. >>> patrick democracy might
not just the fiscal cliff with the potential threat to the economy, thousands of dockworkers from maine to texas could go on strike within days if their union can't reach a deal with major shipping companies. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for...
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Dec 29, 2012
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economy caught right in the middle. we can only, of course, be talking about the fiscal cliff. our political panel is going to weigh in on the chances for a deal. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> the pressure is on as harry reid and mitch mcconnell race against the clock to find a fix to the fiscal cliff. joining me are cnn contributor and democratic strategist maria cardona and republican strategist ron bonjin. good morning to you. >> good morning. >> good morning. >> ron, i'll start with you. reid and mcconnell, they really are the focus in the senate. in the house, it's speaker john boehner. i've got to ask you, is his job on the line if republicans balk at any deal that's reached? >> no, not at all. speaker boehner is extremely strong. his conferences support him and knows that he's bee
economy caught right in the middle. we can only, of course, be talking about the fiscal cliff. our political panel is going to weigh in on the chances for a deal. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>>...
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Dec 27, 2012
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greg: as lawmakers struggled with the fiscal cliff, treasury secretary timothy geithner is facing an equally harrowing deadline is the u.s. economy approaches its borrowing limit of $16.4 trillion. he says that he is being forced to use extraordinary measures. just to try try to keep things afloat for another few months. do you ever feel like groundhog day? paul harrington is a managing partner of harrington financial llc. i do feel like bill murray in his movie "groundhog day", the movie. it seems to be happening over and over again, doesn't it? [laughter] reporter: this narrative is tiring and frustrating. we have been talking about this every year. we do have a $16.4 trillion debt ceiling. i want people to realize that there are vibrational effects associated with going over or trying to extend the debt ceiling. one example is the credit rating of the united states. we already saw a downgrade their with our respective credit rating in the united states. if we are going to go through the debt ceiling once again, and i suspect that we will revisit having another downgrade to her cre
greg: as lawmakers struggled with the fiscal cliff, treasury secretary timothy geithner is facing an equally harrowing deadline is the u.s. economy approaches its borrowing limit of $16.4 trillion. he says that he is being forced to use extraordinary measures. just to try try to keep things afloat for another few months. do you ever feel like groundhog day? paul harrington is a managing partner of harrington financial llc. i do feel like bill murray in his movie "groundhog day", the...
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Dec 30, 2012
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the economy is growing. >> if the nation goes over the fiscal cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the area. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact isn't real, the perceived impact could cause us to drop off in sales. >> getting a deal is up to the senate's top democrat and top republican. >> we are engaged in discussions, the majority leader myself and the white house, in hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. some people aren't going to like it. >> majority leader harry reid and minority leader mitch mcconnell say they're confident they come to a compromise but they have to sell it to john boehner and fellow republicans before the deadline. >> president obama will be david gregory's exclusive g
the economy is growing. >> if the nation goes over the fiscal cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the area. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact...
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the fiscal cliff and the whole thing deflates. but there are jobs, especially in the digital world looking to hire and many of those people looking for jobs aren't trained properly. >> juliet: we want to talk about this post-christmas nightmare having to pay off the credit card bill. >> kelly: santa takes care of all those bills. >> juliet: the ones that he didn't take care of. the diamonds you bought your girlfriends, that kind of thing. how do we handle this? >> so the most important thing is to pay whatever you can. clearly you overspent, but you want to mitigate the damage to your credit report and credit history. so if you have a lot of credit cards, just pay down whatever you can. prioritize the credit card with the highest interest rates to minimize extra costs. the store cards, they can be a disaster. many times store cards will issue a card with a 20 plus percent interest rate. a national card is 15%. if you open that account because you're being offered a discount of 15, 20% on your merchandise, all you have to do is def
the fiscal cliff and the whole thing deflates. but there are jobs, especially in the digital world looking to hire and many of those people looking for jobs aren't trained properly. >> juliet: we want to talk about this post-christmas nightmare having to pay off the credit card bill. >> kelly: santa takes care of all those bills. >> juliet: the ones that he didn't take care of. the diamonds you bought your girlfriends, that kind of thing. how do we handle this? >> so the...
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Dec 28, 2012
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the fiscal cliff is a battle of ideological wills. some americans feel strongly that increasing taxes hurts the economy. quite possible that it will. but the central question is whether it will hurt all that much to raise income taxes a little bit on the highest earners in the country. well, to push the country to the edge of a recession over this is irresponsible. the increase will hardly affect the economy. but that's my opinion. and my opinion should count as much as anyone else's. the problem is that in washington one person's opinion carries disproportionate weight and that person is grover norquist. he's the head of americans for tax reform. they have got the pledge that mostly republican members of congress signed to say they won't increase taxes. now, understand this. the top marginal tax rate going from 35% to 39.6% is not a tax increase. it is a return to tax rates that would have taken place after the temporary bush tax cuts expired and got extended. so the way i see it, that cuts with designed to be temporary, but clearly
the fiscal cliff is a battle of ideological wills. some americans feel strongly that increasing taxes hurts the economy. quite possible that it will. but the central question is whether it will hurt all that much to raise income taxes a little bit on the highest earners in the country. well, to push the country to the edge of a recession over this is irresponsible. the increase will hardly affect the economy. but that's my opinion. and my opinion should count as much as anyone else's. the...
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cliff. tax hikes for nearly every american. lots of different ones. spending cuts of totaling more than a trillion dollars. by all indications, nothing, we mean nothing has changed on capitol hill. senate majority leader harry reid saying significant distance remains between the two sides. good morning everyone, i'm gregg jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha maccallum the senate gavels in at 11:00 a.m. we'll see if there was some miracle overnight. gregg: i doubt that. yesterday, republican senate leader mitch mcconnell made an emergency call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed out today, majority leader reid says he will call a vote on a separate white house plan that reflects's original proposal. gregg: chief correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, th
cliff. tax hikes for nearly every american. lots of different ones. spending cuts of totaling more than a trillion dollars. by all indications, nothing, we mean nothing has changed on capitol hill. senate majority leader harry reid saying significant distance remains between the two sides. good morning everyone, i'm gregg jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha maccallum the senate gavels in at 11:00 a.m. we'll see if there...
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Dec 28, 2012
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cliff? >>> and holy cow. $8 for a gallon of milk? why that utterly ridiculous price could be a very real possibility today, friday, december 28th, 2012. >>> and good morning, everyone. welcome to "today" on a friday morning. i'm savannah guthrie. >> i'm willie geist in this morning. she is full of milk puns this morning. holy cow. utterly. >> what are you, lactose intolerant? >> the trifecta. >> we'll move on to the big story, which is the weather. we're bracing for another big storm before the last one is done. >> it's expected to bring a new round of travel headaches during a holiday travel weekend. how will it impact you in more on that ahead. >>> also, retired general norman schwarzkopf has died at the age of 78. he's being remembered as one of the greatest military figures in u.s. history. more on his remarkable life coming up. >>> also ahead, it happened again. a man shoved to his death in front of a new york city subway train. this time, the suspect is a woman. we will have the detail
cliff? >>> and holy cow. $8 for a gallon of milk? why that utterly ridiculous price could be a very real possibility today, friday, december 28th, 2012. >>> and good morning, everyone. welcome to "today" on a friday morning. i'm savannah guthrie. >> i'm willie geist in this morning. she is full of milk puns this morning. holy cow. utterly. >> what are you, lactose intolerant? >> the trifecta. >> we'll move on to the big story, which is the...
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Dec 24, 2012
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this could have a very, very bad impact on the economy as a whole. it is called the fiscal cliff. for that reason. a plan to stop it all from happening still eludes washington. so congress has broken camp for the holidays, the president has gone to hawaii on vacation. white house correspondent brianna keilar tells us no one is really talking, anyone, to get this solved. at least not here at christmas. >> reporter: senate democrats are not in conversations right now with senate republicans or with house republicans. and this is problematic obviously because in order to avoid the fiscal cliff, you would need to find some sort of deal that would make it through the senate and the house and that would mean democratic and republican support. right now, all eyes on the senate because they will reconvene on the 27th that is thursday. and senate majority leader harry reid, it is up to him really to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates going up fo
this could have a very, very bad impact on the economy as a whole. it is called the fiscal cliff. for that reason. a plan to stop it all from happening still eludes washington. so congress has broken camp for the holidays, the president has gone to hawaii on vacation. white house correspondent brianna keilar tells us no one is really talking, anyone, to get this solved. at least not here at christmas. >> reporter: senate democrats are not in conversations right now with senate republicans...
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he feels that a deal on averting this fiscal cliff might get done. here's the president. >> i'm modestly optimistic that an agreement can be achieved. money is going to get 100% of what they want. let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. i think you could qualify it. he said optimistic and came back later in that speech and said mod testily optimistic. >> juliet: doesn't that suggest that he is backtracking? >> clayton: don't know what's going to happen at the end of the day. in this meeting as dave was talking about back and forth the ball is in the senate's court right now mitch mcconnell said we will take it we don't want to go back to the house where that was a mess over in the house. we will take it. we will will try. this the president said you try this if you can't get anything done i want a straight up or down vote on those making over $250,000 a year and some of the unemployment benefits for 2 million individuals will stil
he feels that a deal on averting this fiscal cliff might get done. here's the president. >> i'm modestly optimistic that an agreement can be achieved. money is going to get 100% of what they want. let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. i think you could qualify it. he said optimistic and came back later in that speech and said mod testily optimistic. >> juliet:...
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Dec 25, 2012
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that is going to be difficult as you can see from these fiscal cliff negotiations. it is very difficult for lots of people to except on the republican side. it is widely understood without some investment in infrastructure or education and the like, our recovery may falter and then given what is going on in europe and much of the world, that would be bad news. i think the number one job is to keep us on good, sound, fiscal standing and he has to deal with some of these outstanding issues. then you move on and you start to see things like education and how we deal with education in this country and the need for reform continues to be out there. working with the education secretary, it is going to occupy a bitter moment for this president. americans believe in education and of the it is the first step on that ladder to upward mobility. that is going to be a challenge that this president has to deal with them than he has to find these issues and then define them in terms of common ground. host: juan williams joining us on this christmas day. joining us from texas, this
that is going to be difficult as you can see from these fiscal cliff negotiations. it is very difficult for lots of people to except on the republican side. it is widely understood without some investment in infrastructure or education and the like, our recovery may falter and then given what is going on in europe and much of the world, that would be bad news. i think the number one job is to keep us on good, sound, fiscal standing and he has to deal with some of these outstanding issues. then...
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in deal on the fiscal cliff. that's spoiling the rally so far. it could be worse. we have seen much bigger negative reaction to all these congressional shenanigans in the past. could be a sign the economy is in better shape this time around. you just look at the s&p 500, victor, still on track for a 13% gain for the year. that's as we look at all the red on the screen. victor? >> a lot of red there is. red and green. wish we had more green. alison kosik, thank you. >>> if you weren't able to watch your favorite christmas classic on netflix, we know why. the video streaming service is blaming a massive outage at one of amazon's web service centers. they say it happened on christmas eve. now, netflix has millions of subscribers in the u.s., canada, latin america, most folks have service up and running again by christmas day, though. if they missed it going into christmas, they can watch it in the evening. one netflix official says they're looking at how to prevent something like this from happening again. >>> russia is trying to put the brakes on americans adopting r
in deal on the fiscal cliff. that's spoiling the rally so far. it could be worse. we have seen much bigger negative reaction to all these congressional shenanigans in the past. could be a sign the economy is in better shape this time around. you just look at the s&p 500, victor, still on track for a 13% gain for the year. that's as we look at all the red on the screen. victor? >> a lot of red there is. red and green. wish we had more green. alison kosik, thank you. >>> if you...
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fiscal cliff deal is on the table. but the hours vote on it. how could this proposal affect the economy? what happens if the house injects it? >> steve: talk to that guy now, "fox business" network's charles payne. charles, it is past the senate. chances are it's probably going to pass the house. what's it mean for everybody watching? >> i got to tell you, i guess we always kind of knew there would be some sort of ultimate compromise, at least everyone sort of felt that way. it's not good news for the economy. it's certainly not good news for small businesses who still are being really going to be hammered. you have been talking about obamacare taxes, they'll be hammered by that. they'll be hammered by this dramatically. let's just say, for instance, you're a chiropractor and off gross margin of 15%. all of a sudden your taxes go up, your business taxes go up. are you going to cut your salary or hesitate on hiring someone? i mean, this is where all the -- a lot of jobs have been created by small businesses. you'd be shocked how many businesses
fiscal cliff deal is on the table. but the hours vote on it. how could this proposal affect the economy? what happens if the house injects it? >> steve: talk to that guy now, "fox business" network's charles payne. charles, it is past the senate. chances are it's probably going to pass the house. what's it mean for everybody watching? >> i got to tell you, i guess we always kind of knew there would be some sort of ultimate compromise, at least everyone sort of felt that...